Lexology January 8, 2020
Overview
2019 saw continued robust healthcare merger and acquisition (M&A) activity, significantly outpacing last year. The increase in healthcare deal volume in 2019 was not confined to any one sector or type of service. Rather, deal volume proliferated across several different sectors.
Hospital and health systems activity was highlighted by a significant number of mergers and joint ventures. Many of these transactions represented regional alliances or consolidations. Notable among them was the announcement of a proposed strategic combination between Atrium Health and Wake Forest Baptist Health in April. For-profit divestitures of assets that did not fit within the owner’s core strategy also represented a significant amount of hospital and health systems transactions, continuing a recent trend.
In the post-acute space,...